MAKE Advises Centerbridge on Senvion Acquisition
Following the recent news that Centerbridge Partners LP, USA had bought 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group, MAKE Consulting (MAKE) informed that it acted as a commercial due diligence advisor to Centerbridge Partners LP.
The EUR 1 billion worth transaction, which is subject to anti-trust clearance, is planned to be closed before the end of the current financial year.
Morten B. Keller, CEO and Managing Partner of MAKE, said: “We have seen an increase in M&A activity in the wind industry and have advised on a number of deals in 2014 of which the Senvion transaction was the largest.”
Senvion is a wind turbine manufacturer with a global supply of both onshore and offshore wind turbines, placing it as the world’s 5th largest wind turbine OEM in 2013.